Cambridge Clothing Co Ltd v Simpson - [1988] 2 NZLR 340

Commercial law — Credit contracts — Oppressive — Penalty interest — Mortgagor, who had no right of early repayment, sought to repay mortgage of $100,000 14 months before end of term — Mortgagee accepted repayment with six months additional interest of $7000 - Whether the conduct of the mortgagee in accepting repayment only on those terms was oppressive — Property Law Act 1952, s 81 - Credit Contracts Act 1981, ss 9, 10 and 11.